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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and DORIAN LPG LTD. (LPG). Click either name above to swap in a different company.
JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $120.0M, roughly 1.1× DORIAN LPG LTD.). DORIAN LPG LTD. runs the higher net margin — 39.3% vs -35.7%, a 75.0% gap on every dollar of revenue. On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs -2.5%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -7.9%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Dorian LPG Ltd. is a leading international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates a modern fleet of very large gas carriers, serving energy and petrochemical industry clients across key markets including North America, Asia and Europe.
JBGS vs LPG — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $120.0M |
| Net Profit | $-45.5M | $47.2M |
| Gross Margin | — | — |
| Operating Margin | -47.5% | 42.8% |
| Net Margin | -35.7% | 39.3% |
| Revenue YoY | -2.5% | 48.7% |
| Net Profit YoY | 24.0% | 120.9% |
| EPS (diluted) | $-0.76 | $1.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $127.6M | $120.0M | ||
| Q3 25 | $123.9M | $124.1M | ||
| Q2 25 | $126.5M | $84.2M | ||
| Q1 25 | $120.7M | $75.9M | ||
| Q4 24 | $130.8M | $80.7M | ||
| Q3 24 | $136.0M | $82.4M | ||
| Q2 24 | $135.3M | $114.4M | ||
| Q1 24 | $145.2M | $141.4M |
| Q4 25 | $-45.5M | $47.2M | ||
| Q3 25 | $-28.6M | $55.4M | ||
| Q2 25 | $-19.2M | $10.1M | ||
| Q1 25 | $-45.7M | $8.1M | ||
| Q4 24 | $-59.9M | $21.4M | ||
| Q3 24 | $-27.0M | $9.4M | ||
| Q2 24 | $-24.4M | $51.3M | ||
| Q1 24 | $-32.3M | $79.2M |
| Q4 25 | -47.5% | 42.8% | ||
| Q3 25 | -27.5% | 47.8% | ||
| Q2 25 | -18.4% | 18.5% | ||
| Q1 25 | -44.7% | 19.4% | ||
| Q4 24 | -53.6% | 29.0% | ||
| Q3 24 | -22.4% | 23.2% | ||
| Q2 24 | -24.3% | 48.5% | ||
| Q1 24 | -30.1% | 58.3% |
| Q4 25 | -35.7% | 39.3% | ||
| Q3 25 | -23.1% | 44.6% | ||
| Q2 25 | -15.2% | 12.0% | ||
| Q1 25 | -37.9% | 10.7% | ||
| Q4 24 | -45.8% | 26.5% | ||
| Q3 24 | -19.8% | 11.4% | ||
| Q2 24 | -18.0% | 44.9% | ||
| Q1 24 | -22.2% | 56.0% |
| Q4 25 | $-0.76 | $1.11 | ||
| Q3 25 | $-0.48 | $1.30 | ||
| Q2 25 | $-0.29 | $0.24 | ||
| Q1 25 | $-0.56 | $0.17 | ||
| Q4 24 | $-0.70 | $0.50 | ||
| Q3 24 | $-0.32 | $0.22 | ||
| Q2 24 | $-0.27 | $1.25 | ||
| Q1 24 | $-0.36 | $1.96 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.3M | $294.5M |
| Total DebtLower is stronger | — | $513.2M |
| Stockholders' EquityBook value | $1.2B | $1.1B |
| Total Assets | $4.4B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $294.5M | ||
| Q3 25 | $64.4M | $268.3M | ||
| Q2 25 | $61.4M | $277.9M | ||
| Q1 25 | $81.3M | $316.9M | ||
| Q4 24 | $145.8M | $314.5M | ||
| Q3 24 | $137.0M | $348.6M | ||
| Q2 24 | $163.5M | $353.3M | ||
| Q1 24 | $220.5M | $282.5M |
| Q4 25 | — | $513.2M | ||
| Q3 25 | — | $526.4M | ||
| Q2 25 | — | $539.6M | ||
| Q1 25 | — | $553.3M | ||
| Q4 24 | — | $565.9M | ||
| Q3 24 | — | $579.0M | ||
| Q2 24 | — | $592.1M | ||
| Q1 24 | — | $605.1M |
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $2.0B | $1.1B | ||
| Q1 24 | $2.1B | $1.0B |
| Q4 25 | $4.4B | $1.8B | ||
| Q3 25 | $4.4B | $1.8B | ||
| Q2 25 | $4.5B | $1.7B | ||
| Q1 25 | $4.7B | $1.8B | ||
| Q4 24 | $5.0B | $1.8B | ||
| Q3 24 | $5.2B | $1.9B | ||
| Q2 24 | $5.3B | $1.9B | ||
| Q1 24 | $5.4B | $1.8B |
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.59× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.3M | $80.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $80.8M | ||
| Q3 25 | $8.9M | $46.4M | ||
| Q2 25 | $18.8M | $814.5K | ||
| Q1 25 | $12.9M | $50.2M | ||
| Q4 24 | $129.4M | $24.3M | ||
| Q3 24 | $26.4M | $57.3M | ||
| Q2 24 | $23.8M | $41.2M | ||
| Q1 24 | $37.0M | $154.2M |
| Q4 25 | — | 1.71× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 6.20× | ||
| Q4 24 | — | 1.14× | ||
| Q3 24 | — | 6.08× | ||
| Q2 24 | — | 0.80× | ||
| Q1 24 | — | 1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
